HDFC Bank chairman quits

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New Delhi/Mumbai, March 19: HDFC Bank’s non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over ‘values and ethics’ – a ground that the management of the country’s second-largest lender said was baffling, as the former bureaucrat offered no specific instance despite repeated requests.
Keki Mistry, a veteran of the HDFC Bank Group, was appointed as the interim chairman, following the resignation, said there may have been “relationship issues” between Chakraborty and the executive leadership, but found no “substantive” concerns behind the departure.
Mistry emphasised that the bank’s operations and governance remain stable. (IANS)

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